Lender Guidelines: 4.4 Targeted Areas
Lender Guidelines: 4.4 Targeted Areas
Targeted Areas are areas identified by the IRS as “qualified census tracts” or “areas of chronic economic distress”.The benefits of originating a mortgage loan in a Targeted Area are significantly higher income limits and significantly higher purchase price limits. Additionally, for borrowers utilizing Bond DPA or receiving an MCC, the first-time home buyer requirement is waived.
Targeted Areas in the State of Texas are listed on TSAHC’s website and the Lender Portal at www.tsm-online.org in the "program documents" section.
For access to the full TSAHC DPA & MCC Guidelines, please click here.